Analysis method - “Gann Swings + Price Action”
August 14, 2018
Daily chart: Downward rally continues! Which support level is capable to stop this fall - is not clear so far. But downswing is very long already, therefore, any psychological level (200 dollars for a coin, for example) can trigger the growth.
H1: Local downward structure continues to form trending swing. We expect further decline of the quotes in direction of the 200.00 region.
Conclusions: Continuation of decline in direction 200.00.
Trading recommendations: Shorts towards 200.00.